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My father has a TD Bank HELOC on his home. He recently moved and is in the process of selling that home. It looks as though the offers he is getting don't come close to what he owes on the loan. $90,000 loan and offer of $60,000. Is it possible to sell the home for less when there is a lien on it? Could he qualify for a Conversion if his current home is worth less than $90,000 owed? Please help, thank you!
July 7, 2016 08:28:32 AM
In reply to beth, philadelphia
Thank you for reaching out to us on TD Helps, Beth.
We understand your concerns and would like to point you in the right direction for further assistance.
To better assist you, we highly recommend having your father to speak with a Financial Solutions Group (FSG) Specialist directly 24/7 at 800-937-5020. If he wishes to visit us in person, please stop by and see us at any of his local TD Bank Store, during lobby hours for assistance. For a list of the Store locations, hours and telephone numbers, please visit here: http://go.td.com/1f9DSJR.
Thanks again for dropping by today, Beth. We wish you and your father the best of luck!
LiShu R, Mount Laurel
July 7, 2016 08:29:02 AM